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A bond sells for $965 and has 10 years to maturity. If the coupon rate is 4.4%, what is the bond's yield? Need Excel explain
A bond sells for $965 and has 10 years to maturity. If the coupon rate is 4.4%, what is the bond's yield? Need Excel explain solution. Example like this photo
#2 #3 $1,000 7.20% 9% N Par value coupon rate yield to maturity #coupons per year years to maturity time to maturity Coupon payment Bond Value Face value $965 years to maturity 10 coupon rate 4.40% time to maturity 10 Coupon payment $42.46 Bond Value --PVC) #coupons per year 1 25 50 $36.00 $822.14Step by Step Solution
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